A promissory note is - Study guides, Class notes & Summaries
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2024|2025 INTUIT BOOKKEEPING LATEST EXAM | QUESTIONS WITH CORRECT ANSWERS
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2024|2025 INTUIT BOOKKEEPING LATEST EXAM | QUESTIONS WITH CORRECT ANSWERS 
 
When choosing between two solutions, the one that will be least likely to overstate assets and income should be selected. Correct Answer: Conservatism Assumption 
 
States that an amount can be ignored if its effect on the financial statements is small and not misleading Correct Answer: Materiality Principle 
 
Once you adopt an accounting principle or method, continue to follow it consistently in future accounting peri...
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California: Real Estate Principles Practice Exam 1 - Salesperson License
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California: Real Estate Principles Practice Exam 1 - Salesperson License/ Q&A. 
 
6 of 50 - What are the parts of a mortgage loan? What purpose does each part serve? 
 
A. A Pledge and Collateral. A Pledge is a promise to pay; and Collateral allows a lender the right to foreclose if the borrower does not pay. 
B. A Promissory Note, a Deed of Trust, and Collateral. A Promissory Note is an I.O.U. to pay; a Deed of Trust secures the interest in a borrower's real property; and Collateral allows a ...
![Champions Real Estate Finance Exam (2024/ 2025) 100% Correct Questions and Verified Answers| Grade A](/docpics/5146275/663043c1c8d75_5146275_121_171.jpeg)
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Champions Real Estate Finance Exam (2024/ 2025) 100% Correct Questions and Verified Answers| Grade A
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Champions Real Estate Finance Exam (2024/ 2025) 100% Correct Questions and Verified Answers| Grade A 
 
 
Q: The money that mortgage companies use to make loans come from the sale of ________, which is considered a business transaction, not a savings account deposit procedure. 
 
 
Answer: 
Bonds 
 
 
 
Q: Government entities regularly sell bonds to 
 
 
Answer: 
Fund major capital investments 
 
 
 
Q: Advantage of municipal bonds is 
 
 
Answer: 
That the interest paid to investors is not subj...
![Superior NC Real Estate Important Final Exam Questions and Answers](/docpics/4425332/65c0d139e7b56_4425332_121_171.jpeg)
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Superior NC Real Estate Important Final Exam Questions and Answers
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Superior NC Real Estate Important Final 
Exam Questions and Answers 
RESPA -Answer--Real Estate Settlement Procedures Act: applies ONLY to 1-4 family 
residential transactions, transactions involving a "federally related" mortgage (conventional, 
FHA, VA) 
Which party's signature is required on a deed of trust? 
A. the trustee 
B. the beneficiary 
C. the trustor(s) 
D. the grantee(s) -Answer-C. the trustor(s) 
The trustor is the borrower in a lending situation using a trust deed. The borrower...
![Gold Coast Final Exam 2023 Questions and Answers (Graded A)](/docpics/642d1d7202813_2555377.jpg)
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Gold Coast Final Exam 2023 Questions and Answers (Graded A)
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Gold Coast Final Exam 2023 Questions and Answers (Graded A) 
 
What is the form you sign that says you will pay the loan back ? - ANSWER promissory note 
 
What is the post licensing grace period after first expiration ? - ANSWER none 
 
Deposits is a form of... - ANSWER valuable consideration 
 
Physical land and improvements - ANSWER real property 
 
Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both - ANSWER...
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45-HOUR PA FIRST TEST QUESTIONS
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Price is a number that quantifies: 
 
cost. 
rate. 
value. 
estimation. - Answer- value. 
 
1. Comparable properties should include similar properties that have sold within: 
 
the past 2 to 4 weeks. 
the past 1 to 2 months. 
the past 6 to 12 weeks. 
the past 3 to 6 months. - Answer- the past 3 to 6 months. 
 
1. Items found during the walk-through are most easily handled by: 
 
a) a promissory note. 
b) giving credit to the buyer. 
c) an addendum 
d) an exchange of cash. - Answer- d) an exchang...
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Gold Coast Final Exam 2024 Questions and Answers 100% Correct
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What is the form you sign that says you will pay the loan back ? - promissory note 
What is the post licensing grace period after first expiration ? - none 
Deposits is a form of... - valuable consideration 
Physical land and improvements - real property 
Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both - Yes 
What is the maximum fine per offense ? - $5,000 per fine 
Out of state broker sends a customer, and ...
![California Legal Aspects of Real Estate Final Exam (Already Graded with a pass rate of 97%)](/docpics/2922062/6490008565997_2922062_121_171.jpeg)
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California Legal Aspects of Real Estate Final Exam (Already Graded with a pass rate of 97%)
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California Legal Aspects of Real Estate Final Exam (Already Graded with a pass rate of 97%) 
California Legal Aspects of Real Estate Final 
Exam (Already Graded with a pass rate of 
97%) 
A promissory note is: 
a. evidence of the debt 
b. evidence of a sale 
c. a security interest in the property for the lender 
d. the same as a mortgage or trust deed 
a. evidence of the debt 
In order to be considered an emancipated minor and have the capacity to contract, 
a minor must: 
a. be married, widow...
![Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024](/docpics/4428129/65c1154d75928_4428129_121_171.jpeg)
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Principles of Real Estate 2 Champion Exam With 100% Correct Answers 2024
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Principles of Real Estate 2 Champion Exam 
With 100% Correct Answers 2024 
What does D.U.S.T. stand for? - answerDemand, Utility, Scarcity, Transferability 
the percentage of value or sales price that a lender is willing to finance - answerLoan to 
Value Ratio (LTV) 
the value of a property is equal to the sum of the contributory value of each of its component 
parts. - answerprinciple of contribution 
the forces acting on a parcel of land are always affecting the value of the land - 
answerPRIN...
![COLORADO EXAM REAL ESTATE STATE PORTION QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED.| latest update 2024/25|](/docpics/5156572/66316ba019e84_5156572_121_171.jpeg)
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COLORADO EXAM REAL ESTATE STATE PORTION QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED.| latest update 2024/25|
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COLORADO EXAM REAL ESTATE STATE PORTION QUESTIONS 
AND ANSWERS, GRADED A+/ VERIFIED. 
When must earnest money be deposited? 
Not later than the third business day after notice to buyer of acceptance. 
When a real estate broker is preparing a contract for the sale of real estate in respect of when a building 
permit was issued prior to January 1, 1978, the agreement will be: 
Void unless a completed Lead-Based Paint Disclosure is completed and signed by both the licensees to the 
transaction a...
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